Report: Sino Global Capital Hires The Former COO Of FTX
Ms. Wang took a brief break after FTX crashed before coming back to the cryptocurrency industry.
Former executives of the disbanded crypto trading group have started to surface elsewhere as FTX and SBF, respectively, continue to appear in court.
Amy Wu joined Menlo Ventures, a cornerstone of Silicon Valley’s venture capital ecosystem, after serving as an executive at FTX Ventures. Brett Harrison, the former co-CEO of FTX US who left the company two months before it collapsed, is riding the AI hype wave and has since started a startup that would develop a trading algorithm based on GPT-4.
The former chief operating officer (COO) of FTX, Zhe “Constance” Wang, is said to have left for China shortly after FTX collapsed and has subsequently been employed by Sino Global Capital, a Chinese cryptocurrency investment company.
New Position Matches Experience
Wang has worked as an executive at FTX for the past four and a half years, including three years and nine months as COO.
Zhe Wang has more background in the cryptocurrency industry than just her time as COO of FTX. According to her LinkedIn page, Wang spent two years as an investment analyst at Credit Suisse prior to a brief spell at Huobi before joining the former behemoth.
Wang’s new career shift and cited an unnamed confidential source who withheld too many specifics regarding the role.
Former SGC Ties
The fact that Brett Harrison, Amy Wu, and Zhe Wang have not been charged with any misconduct is significant because, given the wealth of information uncovered by American authorities, evidence of purposeful wrongdoing would have most likely surfaced by now.
SBF, however, asserts that SGC and FTX have been connected since the outset.
SGC was an early investor in FTX and was established in 2015 by businessman Matthew Graham of Beijing. SGC recently unveiled a $200 million fund, with FTX serving as one of the principal investors.
The SGC crew was congratulated by SBF for their cooperation and for the reportedly significant influence they had on FTX.
“From the very beginning, Matthew and the Sino Global Capital team supported the FTX vision and then worked with us to help make it a reality.”
It’s not difficult to think that Wang benefited from networking with the SGC team while serving as acting COO; this networking eventually resulted in a new position in the cryptocurrency investing industry.
Zhe Wang is not currently listed as a member of SGC, and it is unclear what her supposed new role at the company will be.
